News Corporation Bottom Line Retreats 57% In Q1

(RTTNews) - News Corporation (NWSA) announced a profit for first quarter that dropped compared to the same period last year.

The company said its profit came in at $32 million, or $0.05 per share. This was down from $74 million, or $0.13 per share, in last year's first quarter.

The company said revenue for the quarter fell 4.7% to $2.01 billion. This was down from $2.11 billion last year.

News Corporation earnings at a glance:

-Earnings (Q1): $32 Mln. vs. $74 Mln. last year. -Earnings Decline (Y-o-Y): -56.8% -EPS (Q1): $0.05 vs. $0.13 last year. -EPS Decline (Y-o-Y): -61.5% -Revenue (Q1): $2.01 Bln vs. $2.11 Bln last year. -Revenue Change (Y-o-Y): -4.7%